On Monday, bitcoin prices were lower as investors evaluated the risks of rising rates.

Coin Metrics reports that Bitcoin declined 5% to $41,091.60. The lowest Bitcoin price since March 21 was $40,935.50.

This decline was caused by the sudden rise of the 10-year Treasury yield to 2.7%. When yields rise, riskier assets are more likely to drop. The Monday Morning Futures will be tied to the Nasdaq 100They were less than 1%. While bitcoin can trade without the stock market, there has been a strong correlation in the last few months.

The crypto market saw a drop in tokens. Ether fell 7.2%, along with other platforms networks. Solana’s, Algorand’s and Cardano tokens all fell by over 9%.

DeFi (decentralized finance) also fell. Maker dropped 8%, while Aave and Compound lost over 9%.